Enrolled HB 184: Relating to the debt authorization of the University of Alaska.
00Enrolled HB 184 01 Relating to the debt authorization of the University of Alaska. 02 _______________ 03 * Section 1. AS 14.40.253 is amended to read: 04 Sec. 14.40.253. Financing notice and approval. If the University of Alaska 05 intends to enter into an obligation, except for refinancing obligations, under 06 AS 14.40.040(a)(5) with an annual payment by the university anticipated to exceed 07 $2,500,000 [$1,000,000], the university shall provide notice to the legislature. The 08 notice must include the anticipated annual payment amount, the anticipated financing, 09 and the total construction, acquisition, or other costs of the project. The university may 10 not enter into an obligation requiring a financing notice under this section, other than a 11 refinancing obligation, unless the project has been approved by the legislature by law. 12 An appropriation for the project does not constitute approval of the project for the 13 purpose of this section.